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Innovation

Hara lands funding from energy heavy hitters, Ray Lane as chairman

Hara, which provides environmental and energy management software, landed $25 million in Series C venture funding. Ray Lane, managing partner at Kleiner Perkins Caufield & Byers, will become chairman of Hara's board of directors.
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Written by Larry Dignan, Contributor on

Hara, which provides environmental and energy management software, said Wednesday that it has landed $25 million in Series C venture funding. Ray Lane, managing partner at Kleiner Perkins Caufield & Byers, will become chairman of Hara's board of directors.

The third round of funding gives Hara $45 million in total venture funding.

According to Hara, the latest round featured Energy Technology Ventures, a joint venture between GE, NRG Energy and ConocoPhillips, and ITOCHU Technology Ventures. Kleiner Perkins, JAFCO Ventures and Nth Power---all current investors in Hara---and new backers Focus Ventures and Navitas Capital participated in the round.

Hara noted that new funding will allow the company to expand globally and better target large companies looking to cut energy use and environmental impact. The addition of Lane as Chairman will help bolster Hara's global expansion. Lane was president and chief operating officer at Oracle before joining Kleiner Perkins in 2000.

Today, Hara counts Akamai, Coca-Cola, Hasbro and Intuit as customers. Hara's software is used to track assets, better manage facilities and model a company's supply chain and environmental impact.

This post was originally published on Smartplanet.com

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